The Nomad Economist

👉Housing Market 2020 Doomed to Crash -- Mass Exodus out of the Big Cities like New York !! The recent pandemic and resulting lockdown have been an absolute shock nationwide. Travel, hospitality, retail, entertainment, and other industries have been completely devastated. Unemployment is currently 20 percent, and benefits are only beginning to trickle out. The housing market is slowing. Nationwide property sales have slowed down. It is much, much harder to get a loan now than it was before during the high of the frenzy thanks to the passing of the Dodd-Frank Act. The entire real estate market in this country is in trouble. That's what happens when after 2008, you have Fannie and Freddie hide 5-7 million homes (shadow foreclosures) and print money like there's no tomorrow. Anybody that thought there was a valid economic recovery since 2008 needs their head checked. Oh, and fake pumped-up numbers and markets don't matter to me. And Don't Forget the Bernanke Wealth Effect of purposeful Bubble Pumping and Forced Manipulated 5000-year lows in interest rates and over a decade of ZIRP. You could see this bubble miles away, but it's taken a lot longer to blow than most of us thought. And The worst is yet to come. In New York City, the nation's largest real estate market, the pandemic has caused a number of deals to go bust. Manhatten, the real estate market, is basically frozen right now, with a record low number of sales and contracts. New listings are down 70 percent over last year .contracts that were signed before the lockdown are being broken or renegotiated. We have 67 contracts canceled in march and 43 in April for Manhatten alone. The Average price cut in April is between ten and fifteen percent. Brokers expect prices to fall up to 20 percent or more. People are fleeing to the suburbs. The big cities like New York are becoming death traps and an overtaxed dumps. Corona was a small test run of what can and will happen. Smart people are leaving big cities entirely. New York City is priced for simpletons anyways. It is basically the west coast Hollywood, just like Orlando.

Top 5 Reasons Why People are Leaving California !(The Nomad Economist) Top 5 Reasons Why People are Leaving California ? People have long dreamed of moving to California, but increasingly the people in the state are looking to get out. So if California continues along this road, in a generation’s time, we will have a state consisting of tech billionaires and illegal immigrants making less than the minimum wage, and almost no-one in between. As far as I can see, the people in power have no desire or incentive to prevent this from happening. As the middle class (excepting those who work for the government and other public sector institutions) tend to be conservative, then from the Democrats’ perspective, the more of them that leave the state, the better. Californians are also leaving in droves because of fires, taxes, and regulations. The demographics are illuminating. The middle and upper classes are fleeing, taking their capital and skills with them. The incoming are poor and unskilled. You can see where this trend will eventually lead. Welcome to The Atlantis Report. California, the fifth-largest economy in the world, has long been a magnet for many reasons: exploding economy, incredible beauty, air and weather, fantastic wildlife, countless places to visit, and things to do, friendly people, etc. In its heyday (before the ’90s), there was not a more beautiful or perfect place on earth to grow up. However, today, California suffers from a myriad of enormous problems which seem to be getting worse every year, thus causing many people to move on to greener pastures. First and foremost, California suffers from a tremendous housing shortage and astronomical housing prices. Rentals start at about $4000 for a one or two-bedroom, and depending on where you live, and you will probably pay even more for a studio. To top that off, the Chinese are coming over in droves, and they outbid everyone, pay top dollar, no haggling. Not many people can compete with the unlimited cash the Chinese are willing to pay. The second issue is taxes. California residents pay more in overall taxes than just about any other state in the nation. That includes income tax. Third, the U.S., generally speaking, is a nanny “state.” Well, you can multiply that times 10 in California. It’s exhausting. Fourth, traffic. There is no public transportation in California (no, I don’t include BART as public transport- only people who have never experienced real public transport will say that) and traffic is horrendous. Fifteen years ago, it used to be that you could travel at certain times during the day or night and be assured of standard traffic patterns. Today that is no longer the issue. Traffic is bumper to bumper nearly all the time. You have to travel between maybe midnight and 3 AM to drive unimpeded in places such as the Bay Area, San Francisco, Los Angeles, etc. For the full transcript go to https://financearmageddon.blogspot.com

Top 10 Safest Countries When The Dollar Collapses . The time will come when the US dollar will collapse and be worth no more than the scrap and or collection value of its cotton-paper and dross coins. A collapse of the dollar will lead to a Mad Max-style anarchy scenario. Anything could happen, and sometimes countries experience unrest during a currency collapse and debt crisis. It will lead to a total collapse of society. The effect of devalued dollar reserves on foreign countries is less clear and probably depends on each country. In case of a major systemic collapse, your best bet is probably to go for rural areas. Food shortage and urban unrest are the two things you are trying to avoid. Plenty of countries have lots of land. Like Russia, which probably be able to sustain a functioning energy market with their natural-gas alternative. Scandinavia would be a good choice in summer. Welcome to The Atlantis Report. The Dollar is the global trade and reserve currency. Everyone deals in dollars. So the countries which you should choose should be the ones who do not deal with the dollar at all but or will not in a few years. So, if they're able to sustain for a few years and go on without using the dollar, they'd be a great choice. The European countries have one drawback, i.e., their good amount of reserve and trade is in the dollar. So they will feel a ripple not immediately but after a while. The truth is that no country is safe if the dollar falls because someone or the other you deal with does rely on the dollar, and this leads to you getting affected if they do. It's the domino effect, and the first to start this fall would be the dollar. If the dollar collapses, foreign investors and central banks will stop demanding dollars. U.S. bond prices will fall, or U.S. interest rates will rise. Mortgage and credit card rates will soar, sending the U.S. economy back into recession. The U.S. government will respond by opening the monetary floodgates, printing as many paper dollars as necessary to keep the economy from collapsing. This surge in supply will send the value of the dollar through the floor. Prices for most things will skyrocket, and people whose life savings are in cash, bank, or dollar-denominated bonds will be wiped out. Many U.S. financial and manufacturing companies will go belly up, along with their stockholders. Globally, Asian and European goods priced in suddenly-appreciating currencies will become prohibitively expensive for U.S. consumers. Throughout history, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the inflation, the greater the danger that hyperinflation will take place. No government has ever been able to control hyperinflation. If it occurs, it does so quickly and always ends with a crash. 👉 For the full transcript go to https://financearmageddon.blogspot.com

Biden agendas to improve labour productivity growth, investing ,taxation... A Conversation with Janet L. Yellen, Secretary of the Treasury of the United States of America with Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/

👉Time to Panic as The Fed Starts Reverse Repo & Massive Inflation , We never did learn From 1929 !! There is too much liquidity in the Banks and in Wall Street, but None in the streets of America. And people still wonder how this will end. How did the Federal Reserve morph from a provider of temporary liquidity to being in control of the entire money supply via digital minting! The Fed seems to NEVER retrieve or retire from what they initiate. Is it really consistent with our form of government that the unelected and unaccountable would have so much POWER? M2 was increased by 27% in less than a year. Who decided? Who approved? One man made the decision to expand the NATION's money supply to that degree? And create massive inflation? Article 1 section 8 gives Congress the power to mint, and that power can NOT BE DELEGATED. This new Fed since 2009 when Bernanke promised QE would temporary, has aided and abetted an increase of the national debt by 20 TRILLION DOLLARS!!! The monetary nuclear fission reactor was sold to the public as producing free energy created out of thin air. Created debts are the fuel, splitting the currency by debasement, producing inflation, the power which runs the State. Unfortunately the engineers were economical with the truth. The monetary fission system is fundamentally unsound. The spent debts pile up as highly toxic waste, emitting interest and poisoning the nation In perpetuity. The Federal Reserve must be shut down for good. Under QE the Fed buys treasuries and bonds from the US Treasury, from banks, or from the market. In reverse repos the Fed sells securities to the banks in return for their excess cash. The privately owed Fed is only accountable to their owners, the bankers. Their duo mandate is pure theatre for the masses. It's simply about wealth transfer from every entity to the bankers. Plan and Protect yourselves accordingly.

Between supply chain issues and five finger discounts, no wonder the shelves are empty. Shortages at grocery stores is just the beginning. There's going to be shortages of everything, everywhere. There's even a shortage of cat food . There's also building material shortages , and shortages of imported new cars. The supply chains are disrupted because of the virus. People are calling in sick from work . People are being fired because they didn't get the vaccine . It's going to get a hell of a lot worse before it ever starts to get better. The biggest disaster of COVID has not been the temporary disruptions in business inventories. The disaster has been a massive disruption in human lives worldwide, which is continuing. The middle class was hollowed out . The impact of watching hardworking people lose their jobs turned a big chunk of a generation into economic slackers. I'm beginning to think this will become a generalized strike of sorts. Some will just work at working the system. Get whatever bennies you can from the state, hit the food banks regularly. Maybe do a couple of cash jobs now and then under the table. Forget the labor “shortage” because no one wants to work, they just want stimmies. Businesses can't find workers but the US unemployment rate is 3.9%? Who is the liar? Businesses that can allow remote workers should be thankful they can hire any workers at all. Same for businesses whose workers have to show up in person. I do believe the trucking industry has allocated the resources to deliver supplies to the cities and surrounding suburbs. If and when this delivery stops then it will be 3 missed meals and the cities will be in flames. The truckers are the key to this whole thing. The president may attempt to nationalize the trucking industry when all hell is breaking loose but it will be a largely futile gesture. Things are close. The government will start to pay bonuses to people down south to come here. They have to collapse the current system before they move us toward the totalitarian beast hellscape where we all eat 3D printed meat and bugs. All they need is cute buzzwords and marketing gimmicks and the sheeple will beg for their own enslavement. Welcome back to The Atlantis Report. I saw a sign posted" The whole world is short staffed. Be kind to those that showed up". Essential workers working through this pandemic are heroes. What happened to treating them as such? Where are the signs that used to be on every corner? What happened to coming together to support them? My fellow Americans that act like it is business as usual out there are dragging this country to a new low. Selfish and spoiled behavior is the new norm. All over the globe, cost cutting is done in the manufacturing sector mainly because of corporate greed in terms of getting huge profits at the cost of quality thereby resulting in avoidable human losses. In order to grab global orders, these big firms cut costs like anything not only on account of tough competition but also due to political and administrative corruption across the globe. There is another mega problem, which is overlooked. There is no proper supply and service personnel ratio across the globe. Every firm is interested in selling its product in no time, doesn’t matter whether big or small. No firm is interested in immediately attending to the needs of the customers there by ignoring the fact that the customer is God. This sort of attitude doesn’t make any sense since they lose customers in no time. Cost cutting in this regard is suicidal for the companies, which they don’t seem to understand. Everyone is interested in making quick bucks and none seems to be interested in the long term relationship and hence the mess.

James Rickards : China’s Collapse Has Only Begun !! Global Economy Toast !! https://dailyreckoning.com/chinas-col... China is toast. Quarantining 400 million people still leaves a reservoir of 1 billion people in hundreds of small cities and towns and thousands of villages who may catch the virus from people who returned home from cities before they were locked down. Restrictions on travel have been imposed, and people aren't going to work, which is bad news for what is the world's second-biggest economy. Does anybody really believe that China is self-imploding its economy for some common flu? This thing kills the young and healthy, just like the Spanish flu. Once it gets loose in India and Africa, it will go ballistic. How can people be adequately screened when you can carry the virus for 14 days with no symptoms and still be contagious? There are now more than 30 1500 confirmed cases worldwide ; at least 724 patients have died, and that includes a Chinese doctor who tried to warn the world about a month ago. The effect of the spread of the coronavirus on global supply chains is devastating for the global economy. If this continues for another month, there won't be any Chinese economy left. Infected Chinese Mainlanders are escaping to Hong Kong and out to other countries at this moment. FLIGHT CAN STILL BE PURCHASED ONLINE. You can't shut off the entire country of China, the manufacturing engine of the world, and move on as nothing happened. I can't think of any positive outlook at all. Rural areas will ride it out better than others, of course. This is a precursor to something terrible. The 2nd amendment is useless against the plague. The global debt-based economy is already so fragile that it did not need a black swan like a coronavirus pandemic to bring it crashing down. I expect the banksters will claim that it was the pandemic that crashed the economy and demand ever more publicly funded bailouts.

This is how to Profit from this Recession & Geopolitical Chaos(the Nomad economist) According to statistics, the world will face a significant economic recession in the coming year. So are you planning ahead for it? I guess most people answer will be no. Recessions are going to happen; it's apart of the business cycle. You need to face the world and the surprises it brings with the right approach. The tricky part is anticipating the recession. My suggestion is to watch the Fed if the Fed buys bonds and lowers the reserve ratio a recession might be coming and they are crafting a soft landing. This Is How You Prepare for a Recession . Welcome to The Atlantis Report. For most, a recession is a nightmare, but for those with a nose for business, it can be a wholesale dream. A method some have used to make money is to buy a property. That sounds counter-intuitive, spending money during a recession, but its actually a great time to purchase real estate. The reason being owners are not able to pay their bills or need to sell the property for cash in hand. However, would-be buyers are less likely to purchase the property for what it’s worth, so the owner is forced to sell for a much lower cost than the property is worth. That’s where you come in. By negotiating a lower price with the owner of the property, you could purchase a piece of property that may have cost you two to five times more before the recession. This doesn’t just apply to residential homes, but business spaces, hotels, shopping centers, malls, etc. During a bad and lengthy recession, you could buy more property than you could have prior for pennies on the dollar (figuratively). After you’ve purchased a new property you still will not have made any money. That comes later. If you are so inclined you could try to find occupants for your newly purchased buildings during the recession, but consistent payment from occupants might be a bit sketchy due to the financial climate. Its easier to do this with homes since buyers are more likely to find a way to pay to keep their homes rather than businesses. The ideal way to make money from your real estate investment is to sell the properties when the economy picks back up and is no longer in a recession. At this point, buyers will have the money to afford your properties for the original price prior to the recession. You could either sell the building or home for a figure more significant than you paid for or start leasing out space and earn a monthly income. Each method has its pros/cons and truly depends on the property and available buyers at the time. This may sound relatively easy, but there are things to consider. First, traditional ways of buying a home or property may not be available to you. Banks during recessions are very selective of how and who they give loans to, thus failing to secure a loan to then purchase a property. For this strategy to work, you will need a large sum of cash on hand and depend little on banks to help. This is why it's hard for the average joe/jane to purchase property during a recession. This means you should be saving NOW for the next recession so you’ll have money to support yourself and possibly buy a property or two.

Exploring New Economic Space | #6 | Venture Capital in the 21st Century What is the relationship between core general purpose technologies (e.g. steam engine, electricity, computers) and the sectors to which they are applied (e.g. railways, radio communications, e-commerce)? There is positive feedback between innovation in core technologies and development and deployment in application sectors. The impact of technological innovation on the macroeconomy is often underestimated. As is the important role of the State in fostering both core technologies and application sectors. Finally, the lecture explores the relationship between innovative firms on the frontier and established firms with channels to markets. This returns to the Schumpeterian question of the source of new inventions, whether firms develop it internally or acquire it externally from other firms. Start-ups with innovative labor are a major source for other firms, validating the role of venture capital in feeding the overall innovation system. -- In this eight-part series, Bill Janeway investigates the relationship between #venturecapital and technological #innovation, and the interdependent roles of entrepreneurial firms, the mission-driven State and financial speculation in the overall innovation system.

Saving Retirement, That may save your life [Teresa Ghilarducci] Is America facing a retirement crisis? Teresa Ghilarducci, Director of the Schwartz Center for Economic Policy Analysis at The New School for Social Research says yes, but that we can still save retirement. In this episode of INET Animates, Ghilarducci explores the pitfalls of the current do-it-yourself retirement system and shares some solutions for saving retirement so all seniors can live with security and dignity. Produced by Matthew Kulvicki, Nick Alpha & Ryan Scammell

Gene editing: should you be worried? | The Economist From combating climate change, to curing disease, to creating designer babies, gene-editing technologies have the potential to transform lives. What risks do they pose? 00:00 - Gene editing: risk v reward 01:06 - Cavendish bananas are under threat 03:47 - GM crops have a bad reputation 05:18 - GM mosquitoes could reduce transmissible viruses 07:50 - Ethical concerns around genetic interventions 09:30 - Editing genes with CRISPR 10:57 - CRISPR could cure sickle-cell disease 12:31 - Controversial applications of CRISPR 15:23 - Could gene editing lead to designer babies? 16:20 - Germline editing is causing international outcry 18:37 - CRIPSR could revolutionise agriculture and combat climate change 21:11 - Using genetic editing to rescue wild populations 23:30 - Gene editing may transform life on earth.

What happens when we sleep? | The Economist Every night almost everyone on the planet enters into a state of unconsciousness and paralysis - but what is really happening inside the body when we drift off, and what's the impact if we don't get enough sleep? Sleep is regulated by your circadian rhythm, or body clock located in the brain. The body clock responds to light hews ramping up production of the hormone melatonin at night, and switching it off when it senses light. There are four stages of sleep that the body experiences in cycles throughout the night. On a good night we cycle through these stages four or five times. Stages one and two are light sleep. This is a transition from being awake to falling asleep. Heart rate and breathing begin to slow, body temperature falls, and muscles may twitch. Stage 3 is sometimes referred to as Delta sleep - because of the slow Delta brainwaves that are released during this stage. This is the first stage of deep sleep where our cells produce the most growth hormone to service bones and muscles, allowing the body to repair itself. Stage 4 is where we begin to dream. The body creates chemicals that render it temporarily paralyzed so that we do not act out our dreams. In this stage, the brain is extremely active and our eyes, although closed, dark back and forth as if we were awake. Humans roughly spend one third of their lives asleep. Modern lifestyles, stress and the proliferation of Technology, mean that people is sleeping far less today than they were a century ago. Sleeping less than seven hours per day is associated with an increased risk of developing chronic conditions which could reduce life expectancy. So for a healthier longer life get some shut-eye For more from Economist Films visit: http://films.economist.com/

The Real Reason the Economy Might Collapse | Robert Reich The wealthy now own more of the economy than at any time since the 1920s. Meanwhile, millions in this country are barely scraping by. Closing our staggering wealth gap isn’t just the right thing to do. It’s essential to save our economy from collapse.

The Truth about The Ballooning National Deficit and Debt !! The Truth about The Ballooning National Deficit and Debt It is well worth your time to explore the National Debt Clock by clicking on the line below the image. When viewing the "debt clock." in the upper right area of the clock is a "time machine" that allows you to travel back and compare how these figures have changed. Also, it is important to view the information over on the lower right as to how many Americans are working or not working and the number receiving benefits. For the full transcript go to https://financearmageddon.blogspot.com

Why is chicken so cheap? | The Economist People eat 65 billion chickens every year. It is the fastest-growing meat product. Yet pound for pound the price of chicken has fallen sharply. How has this happened? Read more about Chickenomics here: https://econ.st/2Wtp04o Chickens are the most populous bird on the planet. There are 23 billion of them at any given time - that's ten times more than any other bird. It's by far the fastest growing meat product but pound for pound the price of chicken has fallen sharply. How has this happened? This farm is at the forefront of a technology revolution that has drastically changed chicken farming. It's run by David Speller who's pioneered the use of CCTV and CO2 monitors in chicken sheds. Along with his own farm, he works as a consultant overseeing the raising of around 3 million chickens in the UK. Chickens were first domesticated over 8,000 years ago but it wasn't until the 1940s that major efforts were made to create a super breed. The chicken of tomorrow competition in America would change chickens forever. Today the lifecycle of broilers, chickens that are bred purely for their meat, is entirely preordained. They grow faster and bigger than ever before and they can only live supported by human technology. Chickens have changed so quickly they are now four times the size they were in the 1950s. A barnyard chicken can live up to 10 years showing the huge evolutionary change the broilers have undergone. But selective breeding on a global scale comes at a cost. If the chickens live beyond their planned life they develop huge medical problems. And there are concerns the chicken industry is relying on an increasingly small gene pool. Keeping chickens in battery cages was banned in the EU in 2012 but some people want to create better lives for broiler chickens. Free-range birds have more access to open air runs, while organic chickens are typically free from antibiotics, hormones and other synthetic chemicals. Organic chickens get to live the longest - 81 days compared to intensively reared birds which live between 35 and 40 days. Free-range chickens get the most access to open air runs but when it comes to living space, organic and free-range fair far better than intensively reared birds where as many as 17 adult birds live in a single square metre. Organic farming might offer animals a greater quality of life but consumers are largely driven by cost and in an average UK supermarket, an intensively reared chicken cost several times less than its free-range or organic cousins. Over 95% of broiler chickens are intensively reared in the UK. Organic and free-range chickens make up the rest. For as long as shoppers want cheap and plentiful chicken, they will continue to be bred ever more intensively.

Public Debt: how much is too much? | The Economist The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking suggests perhaps not, at least for now. Further reading: Find The Economist’s most recent coverage of covid-19 here: https://econ.st/31E02VY Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.st/3ghRh7W Why economics sometimes changes its mind: https://econ.st/3hXRP41 Read more about the debt after covid-19: https://econ.st/2DtpX92 Why governments must beware the lure of free money: https://econ.st/2GufJXf Read about the Fed’s biggest inflation-policy change in decades: https://econ.st/31VyJG0

What is net zero? | The Economist More than 50 countries around the world have pledged to become net zero. But what does net zero actually mean—and is it achievable? Find The Economist’s most recent coverage on climate change: https://econ.st/3zCt2uW

China’s economy: what’s its weak spot? | The Economist The number of working-age people in China is shrinking. Could this threaten the country’s rise as an economic superpower? Read more here: https://econ.st/3dgzqz0 Find all of our coverage about China here: https://econ.st/3qpd7wz Read our special report about Chinese youth: https://econ.st/2TXmwzd Is China’s population shrinking? https://econ.st/3vTXxu2 Listen to an episode of “The Intelligence” podcast about China’s census: https://econ.st/3wSqrvK How can countries such as America and China raise birth rates? https://econ.st/3wVlXEP China’s economy zooms back to its pre-covid growth rate: https://econ.st/3wTjt9V How education in China is becoming increasingly unfair to the poor: https://econ.st/35Tr8cc Why more young Chinese want to be civil servants: https://econ.st/2U2my8R China’s Communist Party at 100: the secret of its longevity: https://econ.st/3gQQopP Read our special report about 100 years of the Chinese Communist Party: https://econ.st/3vUkOM8

Keeping warm, without warming the planet | The Economist Humans are cranking up their thermostats at the expense of the planet. With the majority of global heating still powered by dirty fuels, are there greener solutions that won't cost the earth? Read more: https://econ.st/3g3GNeq Film supported by @Infosys 00:00 - Heating the planet with domestic heating 01:06 - South Africa’s energy supply 02:59 - What is a heat pump and how does it work? 05:58 - The first step to decarbonising heating is insulating 09:11 - How Hydrogen can be used to heat homes Find our latest climate coverage: https://econ.st/3b1RwU2

Covid-19: how tech will transform your kids' education | The Economist The pandemic not only disrupted education—it also thrust technology onto a sector which historically has been slow to adopt it. Will classrooms ever be the same again? 00:00 How the pandemic has affected education. 03:08 Why the education sector has been slow to adopt technology. 05:02 Technology helps children have a personalised learning experience. 07:50 How technology can help teachers 09:08 Could remote learning be here to stay? Read more about the future of education: https://econ.st/3yBrxw7 Find The Economist’s most recent coverage on Science and Technology: https://econ.st/2WGDSBM

Managing the risks and rewards of emerging technologies is a tricky balancing act. How is it possible to maximise the upsides of innovation while minimising the potential downsides? Read more here: https://econ.st/327bXxU Film supported by @Mission Winnow

Hydrogen: fuel of the future? | The Economist It’s been hailed as fuel of the future. Hydrogen is clean, flexible and energy efficient. But in practice there are huge hurdles to overcome before widespread adoption can be achieved. 00:00 How hydrogen fuel is generated. 02:04 How hydrogen fuel could be used. 02:46 Why hydrogen fuel hasn't taken off in the past. 03:40 Is hydrogen fuel safe? 04:31 Hydrogen's advantage over batteries. 05:00 How sustainable is hydrogen fuel? 06:13 Why the hype about hydrogen may be different this time. Find The Economist’s most recent coverage on climate change: https://econ.st/3zCt2uW

Could digital currencies put banks out of business? | The Economist Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.

The future of work: is your job safe? | The Economist The world of work will be radically different in the future. From hyper-surveillance of staff to digital nomadism to robots taking jobs—how, where and why we work is changing beyond all recognition. Film supported by Mishcon de Reya This is the workforce of the future. Technology is transforming the world of work beyond all recognition creating groundbreaking opportunities. But it's also eroding the rights of workers. Some even fear a dystopian jobless future. But are these anxieties overblown? How we react to this brave new world of work today will shape societies for generations to come. What are the forces shaping how people live and work and how power is wielded in the modern age? NOW AND NEXT reveals the pressures, the plans and the likely tipping points for enduring global change. Understand what is really transforming the world today – and discover what may lie in store tomorrow.

This is The End of America’s Financial Order & the Death of the Dollar The Death of The Dollar -- Is it The End of America’s Financial Order? - Economic Collapse -- Stock Market Crash The purchasing power of a one dollar bill has dropped from 100 cents in 1913 to less than 4 cents today. Money is a store of value. The Dollar is Not Money . Money is gold and Gold is Money . Welcome to The Atlantis Report . Everyone in the upper echelon of global finance knows this. It's the let's-pretend-it-isn't-there heffalump in the vault. One such heffalump-aware influencer is Mark Carney. He is the outgoing Governor of the Bank of England and oft-times chairman of various old capitalism committees at the privately-owned Bank for International Settlements in Basel, Switzerland. Carney also has a posing rôle on the G20’s Financial Stability Board and is an admirer of gold; particularly Asian gold. Speaking recently at a bankers' conference at Jackson Hole, Wyoming (USA), Mark Carney said that it may soon be time to junk the US dollar as the global reserve currency and move to something better; something which is less obviously toxic to global financial well-being. Sometimes, apparently, it is OK to applaud a banker for offering a blinding glimpse of the obvious to close friends. A digital currency could dampen the domineering influence of the US dollar on global trade. A new international financial architecture would develop around the new digital currency. This cryptocurrency would displace the dollar’s current dominance in credit markets. And reducing the influence of the US on the global financial cycle would help to reduce the volatility of capital flows to emerging market economies. According to research conducted by the Bank of England in London, the USA now accounts for only 10% of world trade. Despite this, in 2019, over 70% of global GDP still uses the US dollar as an anchor currency (a reserve currency). This is an absurd state of affairs in both geopolitical and geofinancial terms. Root-and-branch reform is urgently needed. It is said that new systems are ready to run. Gold will be an important factor in the coming international changes. So will asset-backed cryptocurrencies. Banksters abused the trust of the people and gambled in the stocks and derivatives, and lost trillions. Central banksters abused the trust of the people and created money out of thin air and gave to the banksters to keep them afloat. Result: all the surplus produced in the past decade has been silently absorbed by these parasites, and still there is inflation. Now even a repudiation of the loans or a debt jubilee will not benefit those who have been bankrupted already. The true power of the Dollar reserve currency is the political clout that it gives us , which makes everything economic possible. The same political clout has enabled the U.S. to put sanctions on anyone from Russia to Iran to Venezuela. It has allowed the U.S. to dominate the SWIFT and the world banking system.